Working Time and Employment Under Uncertainty

Working Time and Employment Under Uncertainty

The standard literature on working time has modelled the decisions of firms in a deterministic framework in which firms can choose between employment and overtime (given mandated standard hours). Contrary to this approach, we consider the impact of uncertainty and real options on the decision of working time and examine the determinants of employment and hours in a stochastic framework. A numbe...

Non-standard Employment, Working Time Arrangements, Establishment Entry and Exit

This paper addresses the issue if and to what extent young firms differ from incumbents regarding the use of non-standard employment, trust-based working time arrangements and overtime hours in the light of the qualitative changes of employment structures that are taking place in industrialized countries, such as rising shares of non-standard employment and borders between work and private life...

Time-Dependent Utility and Action Under Uncertainty

We discuss representing and reasoning with knowledge about the time-dependent util­ ity of an agent's actions. Time-dependent utility plays a crucial role in the interac­ tion between computation and action under bounded resources. We present a semantics for time-dependent utility and describe the use of time-dependent information in deci­ sion contexts. We illustrate our discussion with exampl...

Under-employment and rural migration in iran

Continuous-Time Public Good Contribution under Uncertainty

We study a continuous-time problem of optimal public good contribution under uncertainty for an economy with a finite number of agents. Each agent can allocate his wealth between private consumption and repeated but irreversible contributions to increase the stock of some public good. We study the corresponding social planner problem and the case of strategic interaction between the agents and ...